AUGUST SALES IN LAKE ARROWHEAD HIT SUMMER LOW OF 19. YTD MEDIAN PRICE UP 8.4% OVER 2009.  Not the worst August ever, but close. Buyers are cautious, aware that prices are starting to inch up from the bottom. Bank sales are down as well. Lake Arrowhead is an affluent, resort market, 70% vacation homes. Buyers don't have to buy, sellers don't have to sell. The first sign of a changing market in the mountains is - 'put everything on hold, we can wait'.  There are only six bank foreclosures currently listed, a further reflection of a changing market. Mid range sales, $500,000 to $1 million plus, are down for the year as bank/ lenders try to hold back jumbo loans, most with 25% down for a vacation home. At the water edge, Lakefront sales are running at roughly the same median price and rate of sales as last year. The banks are not avoiding high end home sales which have a pattern of near 50% cash purchases or financing with very high down payments. Below, you can track sales in recent months to plan your own price goal. God bless America, Bob. 9-3-2010

 YTD SALES  UP 5%. LOW SALES, 19 IN AUGUST 2010; MEDIAN FOR YEAR ROSE TO $357,390 vs $330,000 a year ago. LINKS:    WEATHER - MAPS - COMMUNITY PHONE #      Arrowhead Trends Insider Report, 4 pages,  Summer 2010
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ARROWHEAD TRENDS
an Insider Report on Arrowhead Woods & Lakefronts  
 September 3, 2010  Weekly analysis: prices, sales, trends  
        gurubob@earthlink.net   grammyatthelake@earthlink.net              80--9320
Bob's is an expert on Arrowhead home values, listings and price trends.
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Bob and Patsy Bailey (click for Bio) Selling in Lake Arrowhead since 1989 
Are we connected? Rotary, Education, Cities, Associations..Scroll to bottom
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August $100-499 $500-999 $1mil + TOTAL SOLD MEDIAN Price Volume Days to sell   Bank Sales included
SOLD AUGUST 2010 16 0 3 19 $324,000 $8.7 mil 122   2
Year to Date 2010 140 28 17 185 $357,390 $87.3 mil 119   35
SOLD 2009 August 19 3 1 23 $325,000 $9.4 mil 62   4
Last Year to Date 128 36 12 176 $329,750 $81.9 mil 88   39

AUGUST       SOLD Ask      Price Original Price Street No. Street Name Built Beds Baths View Garage Days to Sell Sold Date Bank Sale Short Sale ML Number
$133,500 $134,933 $134,933 1201 EVERGREEN 1969 2 1.75    None 30 8/6/2010 N N 2101339
137,000 135,900 135,900 348 EMERALD 1949 3 1.5 LK None 33 8/11/2010 Y N 2101349
175,000 189,000 189,000 342 DOLLY VARDEN 1962 3 1.5 FOR None 196 8/31/2010 N Y 2100236
185,000 179,900 239,000 28569 WABASH 1974 3 1.5 TR None 182 8/31/2010 N Y 292273
215,000 239,000 259,900 27307 MATTERHORN 1968 3 2 FOR None 163 8/27/2010 N N 2100401
250,000 242,500 239,900 27880 ST BERNARD LANE 1972 3 3 FOR None 63 8/27/2010 N N 2101245
265,000 264,900 273,500 315 AKA 316 SUNSET  1938 3 1.75 LK None 74 8/20/2010 N N 2101106
300,000 329,900 350,000 27500 NORTH BAY ROAD 1982 4 3.5 LK None 141 8/12/2010 Y N 2100453
315,500 324,500 329,000 347 HILLSIDE DRIVE 1948 3 2 TR None 75 8/25/2010 N N 2101135
324,000 334,900 384,900 28168 GRENOBLE 1990 3 2 FOR 2 416 8/26/2010 N N 291382
339,000 349,000 369,000 28216 NORTH BAY 1974 3 2.5 TR None 260 8/6/2010 N N 292194
364,500 364,500 364,500 26523 AMADOR LN. 1981 2 2.25 TR None 28 8/24/2010 N N 2101481
370,000 375,000 449,900 1170 BRENTWOOD 1989 4 4 FOR 2 240 8/20/2010 N N 292332
399,500 409,500 449,500 417 EMERALD DRIVE 1995 3 2.5 CAN 2 127 8/30/2010 N N 2100721
435,000 475,000 579,000 222 BRENTWOOD DR 2006 5 3    2 0 8/19/2010 N N 290483
440,000 465,000 465,000 162 C LANE 1979 3 3 LK None 53 8/23/2010 N N 2101299
1,200,000 1,399,000 2,450,000 585 BRENTWOOD DR 2003 5 4.5 LK 2 511 8/30/2010 N N 290642
1,262,500 1,499,000 1,499,000 27661 HAMILTAIR DRIVE 2002 4 4 LK 2 29 8/18/2010 N N 2101422
1,625,000 1,899,000 2,475,000 883 SHELTER COVE 1958 5 4.5 LK 3 502 8/12/2010 N N 290480
 
JULY SOLD Ask           Price Original Price Street    No. Street Name Built Beds Baths View Garage Days to Sell Sold Date Bank      Sale Short     Sale ML   Number
$165,000 $209,900 $274,900 26379 WALNUT HILLS DRIVE 1978 3 1.75 TR None 151 7/26/2010 Y N 2100294
175,000 175,000 250,000 274 MITTRY 1937 3 1    None 158 7/26/2010 Y Y 2100255
190,000 199,900 199,000 28264 ARBON LN 1979 5 2    None 80 7/15/2010 N N 2100723
220,000 236,000 236,000 27337 PINEWOOD 1971 4 2.5 FOR None 58 7/15/2010 N N 2100918
227,000 239,700 259,900 28876 CEDAR 1971 3 2 TR None 112 7/23/2010 N Y 2100527
227,665 310,000 310,000 242 FREMONT 1934 1 2 FOR DET 151 7/1/2010 N Y 2100150
250,000 399,900 399,900 275 BIRCHWOOD 1973 5 4 FOR None 112 7/8/2010 N Y 2100407
256,500 269,000 345,000 357 PIONEER RD 1968 3 2.5 TR None 382 7/16/2010 N N 291327
261,000 274,500 274,500 234 CHIPPEWA LN 1968 2 2 TR 2 70 7/26/2010 N N 2100915
262,000 265,000 265,000 109 B LANE 1936 3 2.5 FOR None 76 7/22/2010 N N 2100853
315,000 315,000 499,000 422 RIVIERA 1980 4 2.5 TR 2 374 7/9/2010 N N 291344
325,000 499,000 589,000 26385 AUGUSTA DRIVE 1992 4 3.5 FOR 2 -3 7/28/2010 N Y 290732
332,000 399,000 399,000 369 JOHN MUIR RD 1944 3 1.75 LK None 67 7/21/2010 N N 2100899
350,000 374,000 374,000 1072 NADELHORN 1977 3 2.5 MTN 2 82 7/15/2010 N N 2100714
360,000 398,000 398,000 344 EMERALD DR. 1968 4 2.5 LK None 54 7/12/2010 N N 2100929
390,000 399,000 399,000 187 MASSVIE 1985 3 2 GC 2 101 7/16/2010 N N 2100559
395,500 411,000 579,000 27526 WEST SHORE 1970 4 3 LK None 283 7/30/2010 N N 292007
409,407 449,900 449,000 436 RIVIERA 1981 3 2.5    2 41 7/29/2010 Y N 2101182
462,500 487,900 499,900 484 BAYVIEW 1989 3 2    3 83 7/22/2010 Y N 2100772
510,000 549,000 549,000 148 BRET HARTE 1942 3 2 FOR None 74 7/13/2010 N N 2100770
528,500 569,000 569,000 27645 HAMILTAIR DR 1964 4 4 MTN ATT 50 7/29/2010 N N 2101121
544,345 579,000 579,000 28808 NO. SHORE/173 1982 3 2.5 LK 2 82 7/19/2010 N N 2100751
575,000 600,000 935,000 28838 PALISADES DR 1960 2 3 LK None 57 7/13/2010 N Y 291961
655,000 667,300 870,000 27797 WEST SHORE RD 1968 4 3.5 LK 2 258 7/22/2010 N Y 292110
810,000 799,900 799,900 27549 WEST SHORE RD 1976 5 4 LK 2 66 7/30/2010 N N 2100975
1,850,000 2,250,000 2,499,000 212 GARDEN 2002 4 4 LK 2 188 7/2/2010 N N 292337
 
JUNE SOLD Ask      Price Original   Price Street No. Street Name Built Beds Baths View Garage Days to Sell Sold Date Bank Sale Short Sale ML Number
$126,000 $139,900 $139,900 416 KLAMATH 1970 3 2 TR None 55 6/4/2010 Y N 2100579
150,000 150,000 159,000 378 EMERALD 1947 2 2.25 LK None 145 6/30/2010 N Y 2100175
172,000 189,000 229,000 879 BRENTWOOD DR 1982 4 2.5 TR None 154 6/11/2010 N Y 2100051
173,000 166,500 166,500 27314 MATTERHORN 1977 3 1.75 TR None 69 6/18/2010 Y N 2100582
180,000 225,000 225,000 1305 PORTILLO LANE 1978 4 2 MTN None 60 6/28/2010 N N 2100764
185,000 204,800 238,700 26566 SPYGLASS 1978 4 3 GC 2 90 6/28/2010 Y N 2100501
189,000 194,900 194,900 888 GRASS VALLEY 1972 3 2    None 65 6/10/2010 Y N 2100560
225,000 235,000 235,000 186 HEMLOCK DRIVE 1960 3 1.5 FOR 2 138 6/23/2010 N Y 2100172
240,000 249,000 249,000 349 KLAMATH 1978 3 2 FOR None 30 6/24/2010 N N 2100974
249,900 249,900 249,900 27319 MATTERHORN 1985 4 2 TR 2 31 6/21/2010 Y N 2100950
257,500 259,900 299,900 28642 SHENANDOAH DR 1979 4 2 TR 2 79 6/24/2010 Y N 2100552
269,000 279,000 279,000 607 PIONEER ROAD 1997 3 2 MTN 1 16 6/3/2010 N N 2100917
277,000 238,680 238,680 28281 ARBON LANE 1979 4 3 TR ATT 43 6/4/2010 Y N 2100698
300,000 350,000 350,000 27962 WEST SHORE 1980 3 2.5    None 59 6/17/2010 N N 2100656
310,000 343,000 379,900 27760 WEST SHORE RD 2001 3 2 TR 2 121 6/10/2010 Y N 2100196
318,000 325,000 325,000 1155 YELLOWSTONE 1978 4 3 TR 2 58 6/30/2010 N N 2100789
329,000 329,000 329,000 474 MERRIMACK 1991 3 2.5 FOR None 241 6/21/2010 N N 292034
331,750 346,000 346,000 383 MITTRY LANE 1950 3 1.5 LK None 61 6/18/2010 N N 2100642
363,000 389,000 389,000 992 SANDALWOOD 1996 3 2.5    2 228 6/1/2010 N N 291989
385,000 399,900 399,900 28753 PALISADES DRIVE 1933 2 1.5 LK None 79 6/15/2010 N N 2100475
460,000 475,000 549,000 559 SAN BENITO 2001 3 2.5 MTN 2 284 6/8/2010 N N 291727
468,500 497,000 497,000 260 SHASTA 1999 4 3.5 PAN 2 72 6/10/2010 N N 2100503
665,000 749,000 875,000 27421 CEDARWOOD DR 1983 4 4.5 LK 2 560 6/15/2010 N N 282562
805,000 795,000 940,000 27520 WEST SHORE RD 1979 3 3 LK 2 153 6/1/2010 N N 291758
840,000 948,000 1,150,000 27793 HIGH KNOLL 1968 4 3.5 FOR 2 362 6/1/2010 N N 290623
920,000 1,195,000 1,195,000 27539 MEADOW COVE CT 1998 4 3 LK 3 444 6/30/2010 N Y 2100121
2,182,500 2,450,000 2,450,000 27427 NORTH BAY ROAD 1988 4 3.5 LK 4Plus 67 6/11/2010 N N 2100543

MAY
SOLD
Ask Price Original Str No. Street Name  Built Beds Baths  View Garage Days to Sell Sold Date Bank Sale Short Sale ML Number
$140,000 $140,000 $225,225 118 E LANE 1955 3 2    None 171 5/21/2010 Y N 292252
145,000 149,000 179,000 550 STONEHILL 1988 3 1.75 LK None 47 5/7/2010 N N 291486
145,000 199,900 250,000 27804 NORTH BAY 1978 3 2.5 TR 2 257 5/29/2010 N N 291831
209,000 229,000 239,000 876 BREITHORN DR. 1984 3 2 MTN None 202 5/27/2010 N Y 292111
225,000 229,900 259,900 789 GRASS VALLEY RD 1967 3 2 TR 2 96 5/28/2010 Y N 2100274
245,500 259,900 259,900 28771 POTOMAC DR 1977 3 2 TR None 42 5/17/2010 N N 2100542
276,000 304,500 304,500 28157 ZERMATT DR 1996 4 3 MTN ATT 68 5/3/2010 Y N 2100285
299,000 285,600 299,000 1149 BRENTWOOD 2009 3 2.5    1 325 5/27/2010 N Y 2100018
357,000 390,000 390,000 27418 BISON DR 1989 3 2 MTN 2 143 5/28/2010 N N 2100019
393,000 419,500 499,000 27559 CEDARWOOD DR 1991 4 3 FOR 3 217 5/20/2010 N N 290871
400,000 429,000 429,000 28922 LASSEN DRIVE 1984 5 4.5 MTN 2 566 5/14/2010 N N 292217
405,000 439,000 439,000 27512 OAKWOOD DR. 1991 4 3.5 FOR 2 181 5/3/2010 N N 292083
420,000 425,000 575,000 26166 CIRCLE 1992 3 3 MTN ATT 198 5/7/2010 N N 290522
430,000 439,000 459,900 160 BIRCHWOOD 2000 4 3 FOR 2 119 5/17/2010 N Y 2100100
450,000 470,000 485,000 28518 NORTH BAY 1993 4 3.5 FOR 2 331 5/5/2010 N N 290947
455,000 485,000 485,000 26350 AUGUSTA DRIVE 2007 3 2.5 MTN 2 46 5/19/2010 N N 2100537
465,000 485,000 485,000 27369 COTTONWOOD 2005 3 3 TR 2 86 5/25/2010 N N 2100306
469,000 479,000 555,000 1132 GRASS VALLEY RD 2008 4 3 MTN 2 823 5/6/2010 N N 291378
470,000 499,000 529,000 27408 PINEWOOD 1975 4 3 LK 1 184 5/6/2010 N N 291364
490,000 525,000 625,000 137 OLD TOLL 1989 4 3.5 LK 2 198 5/26/2010 N Y 292130
500,000 499,900 499,900 262 FAIRWAY DR 2002 4 3    2 100 5/28/2010 N Y 2100250
505,000 538,500 538,500 195 ST. HWY 173 1932 4 2.5 LK None 50 5/28/2010 N N 2100569
522,000 525,000 525,000 835 DEL NORTE 2004 3 2.5 FOR 2 58 5/20/2010 N N 2100450
652,500 699,000 699,000 27552 NORTH BAY 2001 4 3.5 LK 2 99 5/28/2010 N N 2100256
1,500,000 1,675,000 2,495,000 27575 MEADOW BAY DR 2002 4 3.5 LK 3 373 5/15/2010 N Y 290933
 
APRIL SOLD Ask Price Original  Str No Street Name Built Beds Baths View  Garage Days to Sell Sold Date Bank Sale Short Sale ML Number
$143,500 $143,500 $143,500 26457 THUNDERBIRD 1979 3 2 TR None 140 4/9/2010 Y N 292205
150,000 160,000 243,000 268 C LANE 1936 4 4 MTN 2 324 4/28/2010 N N 291164
208,000 219,900 219,900 27295 PENINSULA DR. 1973 3 2 TR None 77 4/27/2010 Y N 2100193
235,000 249,000 269,900 27197 BERNINA 1969 3 2 TR None 198 4/14/2010 N N 291898
245,000 250,000 250,000 27243 BERNINA 1973 3 1.5 LK None 38 4/1/2010 N N 2100277
251,250 262,500 262,500 281 FREMONT 1970 4 2 FOR None 205 4/21/2010 N N 291896
274,000 274,990 289,000 402 RAINIER RD. 1976 3 2    None 213 4/16/2010 N N 291836
295,000 319,000 319,000 27486 OAKWOOD 1972 4 2.75 TR None 295 4/26/2010 N Y 291381
305,000 335,000 349,000 655 SUTTER LANE 1985 3 2.5 TR None 205 4/14/2010 N N 291864
305,000 395,000 499,000 27600 WEST SHORE ROAD 1962 3 3 TR None 267 4/30/2010 N Y 281943
357,390 357,390 376,200 593 BRENTWOOD 1963 3 2 GC None 187 4/12/2010 Y N 291950
369,000 369,000 369,000 360 PIONEER 1982 4 2.5 FOR 2 222 4/9/2010 N N 2100361
400,000 449,000 449,000 27787 MATTERHORN 1988 5 3.5 LK 2 6 4/27/2010 N Y 2100860
445,000 448,000 535,000 26515 AUGUSTA DR 1990 4 3 MTN 3 220 4/9/2010 N N 291756
531,000 499,000 869,000 27646 HIGH KNOLL 1961 4 3 MTN 2 226 4/28/2010 N Y 280733
545,000 550,000 709,000 350 BURNT MILL ROAD 2001 3 2.5 FOR None 446 4/27/2010 N N 290169
650,000 699,900 959,900 484 MEADOW BAY CT. 1991 4 3 COU 3 289 4/15/2010 N N 291339
652,000 690,000 989,000 275 D LANE 1942 5 5.5 FOR None 84 4/1/2010 N N 292008
1,217,000 1,225,000 1,225,000 226 JOHN MUIR RD 1948 5 4.25 LK 2 7 4/30/2010 N N 2100710
1,990,000 2,250,000 2,250,000 27961 NORTH SHORE ROAD 1970 5 4.5 LK 2 179 4/15/2010 N N 291994
2,410,000 2,695,000 2,795,000 28907 NORTH SHORE ROAD 1956 5 5 LK 2 245 4/16/2010 N N 291623

 

                                     

Have we met; associations, degrees, membership, family, mutual friends; something in common with Bob & Patsy? Pepperdine University MBA ... USC Behavioral Science ...Texas State U ... Rotary International ... Chicago birth... Minneapolis ... Dallas birth ... Richardson ... Travel visits, 31 countries... 7 kids... 9 grandkids... Marketing Consultant...Printing Co. Mgr...School Administration...AARP...Chamber of Commerce...Church of the Woods ... Palos Verdes - Redondo Beach ... Daughter Sue, a Realtor in the South Bay...Sales and Marketing Executives ... 100 year old Mom ... Police Captain Dad ... Banker Dad ... Abbott Labs ... Italian - Irish - Scotch - Center Staging ... Skateboarding Champ ... Rolling Hills Covenant ... Arrowhead Arts Assn ... See Patsy on Facebook ...